$37.73K
Revenue
$-10.58M
Net Income
-60.11%
Gross Margin
-28978.98%
Op. Margin
$-15.80M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $37.73K | $37.73K | $86.03K | $198.87K | $203.27K | $576.40K | $428.13K | - | - | $1.21M | $1.63M |
| Revenue Growth % | 0.0% | -56.1% | -56.7% | -2.2% | -64.7% | 34.6% | nan% | nan% | -100.0% | -25.6% | nan% |
| Cost of Revenue | $60.41K | $60.41K | $93.41K | $160.61K | $203.27K | $576.40K | $428.13K | - | - | $2.24M | $1.94M |
| Gross Profit | $-22.68K | $-22.68K | $-7.38K | $38.26K | - | - | - | - | - | $-1.03M | $-310.97K |
| Gross Margin % | -60.1% | -60.1% | -8.6% | 19.2% | 0.0% | 0.0% | 0.0% | nan% | nan% | -84.9% | -19.1% |
| Operating Expenses | $10.91M | $10.91M | $11.06M | $10.39M | $7.34M | $4.85M | $4.07M | $3.12M | $4.31M | $9.42M | $10.71M |
| Research & Development | $6.05M | $6.05M | $6.21M | $5.74M | $3.37M | $1.93M | $1.72M | $1.05M | $871.74K | $4.18M | $5.22M |
| Operating Income | $-10.93M | $-10.93M | $-11.07M | $-10.35M | $-7.34M | $-4.85M | $-4.07M | $-3.12M | $-4.31M | $-10.45M | $-11.02M |
| Operating Margin % | -28979.0% | -28979.0% | -12868.7% | -5205.4% | -3612.4% | -841.3% | -950.2% | nan% | nan% | -862.2% | -676.4% |
| Interest Expense | - | - | - | - | - | $12.70K | $5.05K | $4.27K | - | - | - |
| Other Income/Expense | - | - | - | - | $153.61K | $78.71K | - | - | - | - | - |
| Income Tax Expense | - | $1.30K | - | - | - | - | - | - | - | - | - |
| Net Income | $-10.58M | $-10.58M | $-10.42M | $-9.95M | $-7.19M | $-4.77M | $-7.79M | $-3.93M | $-7.90M | $-10.44M | $-10.98M |
| Net Margin % | -28038.6% | -28038.6% | -12109.2% | -5005.3% | -3536.9% | -827.6% | -1820.5% | nan% | nan% | -860.8% | -674.2% |
| Basic EPS | nan | -1.16 | -1.28 | -1.61 | -1.17 | -0.80 | -2.20 | nan | nan | nan | nan |
| Diluted EPS | nan | nan | nan | nan | -1.17 | -0.80 | -2.20 | nan | nan | nan | nan |
| Basic Shares Outstanding | 11K | 9.1M | 8.2M | 6.2M | 6.2M | 5.9M | 3.5M | - | - | - | - |
| Diluted Shares Outstanding | - | - | - | - | 6.2M | 5.9M | 3.5M | - | - | - | - |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $6.13M | $15.84M | $8.47M | $16.35M | $23.17M | $3.16M | $3.06M | $3.26M | $10.02M | $4.20M |
| Accounts Receivable | $24.00K | $692.00 | $70.00K | $65.94K | $233.26K | $170.29K | - | - | $221.08K | $378.66K |
| Inventory | $9.70K | $96.41K | $81.45K | - | - | - | - | - | $251.36K | $1.25M |
| Other Current Assets | $57.26K | $34.23K | $482.89K | $491.37K | $43.90K | $118.88K | $248.15K | $333.88K | $283.21K | $312.59K |
| Total Current Assets | $6.54M | $16.30M | $9.11M | $16.90M | $23.45M | $3.45M | $3.31M | $4.69M | $10.78M | $6.14M |
| Property Plant & Equipment | $376.72K | $415.23K | $359.23K | $200.10K | $56.16K | $37.12K | $47.30K | $63.21K | $669.57K | $936.49K |
| Intangible Assets | $2.69M | $2.61M | $2.58M | $2.04M | $2.06M | $1.57M | $1.63M | $1.40M | $2.08M | $1.91M |
| Other Non-current Assets | $44.46K | $19.35K | $13.03K | $11.19K | $11.19K | - | $17.92K | $17.92K | $37.50K | $17.92K |
| Total Assets | $10.05M | $19.83M | $12.25M | $19.40M | $25.88M | $5.13M | $5.27M | $6.17M | $13.57M | $9.00M |
| Accounts Payable | $408.40K | $104.12K | $405.10K | $130.50K | $130.50K | $101.98K | $182.96K | $94.20K | $449.48K | $346.77K |
| Accrued Liabilities | $471.33K | $374.01K | $455.11K | $254.22K | $353.51K | $475.49K | $319.13K | $167.75K | $1.08M | $1.15M |
| Total Current Liabilities | $973.16K | $560.81K | $930.89K | $449.32K | $542.87K | $659.53K | $685.21K | $1.14M | $1.53M | $1.50M |
| Other Non-current Liabilities | $886.54K | $1.01M | $1.13M | $838.46K | - | - | - | - | - | - |
| Total Liabilities | $2.17M | $1.97M | $2.19M | $1.49M | $1.73M | $1.30M | $1.38M | $1.57M | $1.99M | $1.76M |
| Common Stock | $8.54K | $8.34K | $6.00K | $5.93K | $5.89K | $3.27K | $2.10K | $1.40K | $14.00K | $9.56K |
| Retained Earnings | $-118.05M | $-107.47M | $-97.05M | $-87.10M | $-79.91M | $-75.14M | $-67.34M | $-63.41M | $-55.51M | $-45.07M |
| Treasury Stock | - | - | - | - | $13.21K | $13.21K | $13.21K | $13.21K | $7.49K | $5.92K |
| Total Stockholders Equity | $7.88M | $17.86M | $10.06M | $17.91M | $24.15M | $3.83M | $3.89M | $4.60M | $11.58M | $7.24M |
| Total Liabilities & Equity | $10.05M | $19.83M | $12.25M | $19.40M | $25.88M | $5.13M | $5.27M | $6.17M | $13.57M | $9.00M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-10.58M | $-10.58M | $-10.42M | $-9.95M | $-7.19M | $-4.77M | $-7.79M | $-3.93M | $-7.90M | $-10.44M | $-10.98M |
| Depreciation & Amortization | $644.00K | $371.42K | $341.05K | $271.75K | $187.08K | $157.56K | $122.15K | $110.46K | $137.51K | $451.55K | $406.64K |
| Stock-based Compensation | $1.83M | $729.17K | $1.60M | $2.32M | $975.80K | $352.31K | $868.65K | $184.34K | $730.80K | $1.11M | $1.52M |
| Change in Receivables | $38.63K | $23.31K | $-69.31K | $4.06K | $-167.33K | $62.98K | $170.29K | - | $-5.62K | $35.12K | $-408.84K |
| Change in Inventory | $-76.81K | $-50.72K | $14.96K | $81.45K | - | - | - | - | - | $-233.00K | $679.99K |
| Change in Payables | $404.47K | $304.28K | $-300.98K | $274.60K | $3.00 | $28.52K | $-80.97K | $88.75K | $-118.62K | $102.71K | $-992.06K |
| Operating Cash Flow | $-15.63M | $-9.14M | $-8.74M | $-7.13M | $-6.38M | $-4.28M | $-3.02M | $-2.53M | - | $-7.42M | $-10.10M |
| Capital Expenditure | $171.93K | $119.48K | $197.27K | $240.82K | $182.65K | $44.27K | $13.94K | $4.25K | $1.09K | $155.61K | $391.09K |
| Investing Cash Flow | $-739.71K | $-449.49K | $-506.43K | $-522.95K | $-312.74K | $-236.94K | $-67.16K | $-104.10K | - | $-434.03K | $-750.99K |
| Stock Issued | - | - | $15.72M | - | - | $21.20M | - | $3.10M | - | $13.66M | - |
| Financing Cash Flow | $-229.83K | $-128.83K | $16.62M | $-216.26K | $-127.87K | $24.53M | $3.19M | $3.10M | $-5.72K | $13.67M | $32.27K |
| Net Change in Cash | $-16.60M | $-9.71M | $7.37M | $-7.87M | $-6.82M | - | - | - | - | $5.82M | $-10.82M |
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing
Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $24.45K | - | $37.73K | - |
| Cost of Revenue | $26.07K | - | $60.41K | - |
| Gross Profit | $-1.62K | - | $-22.68K | - |
| Operating Expenses | $3.02M | - | $8.96M | - |
| Research & Development | $1.79M | - | $5.26M | - |
| Operating Income | $-3.02M | - | $-8.99M | - |
| Net Income | $-2.94M | $-2.66M | $-8.68M | - |
| Basic EPS | -0.32 | - | -0.95 | - |
| Basic Shares Outstanding | $9.15M | - | $9.12M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $8.39M | $15.84M |
| Accounts Receivable | $31.50K | $692.00 |
| Inventory | $65.09K | $96.41K |
| Other Current Assets | $184.23K | $356.66K |
| Total Current Assets | $8.67M | $16.30M |
| Property Plant & Equipment | $408.68K | $415.23K |
| Intangible Assets | $2.68M | $2.61M |
| Other Non-current Assets | $44.46K | $19.35K |
| Total Assets | $12.23M | $19.83M |
| Accounts Payable | $229.20K | $104.12K |
| Accrued Liabilities | $568.67K | $374.01K |
| Total Current Liabilities | $888.52K | $560.81K |
| Other Non-current Liabilities | $929.25K | $1.01M |
| Total Liabilities | $2.15M | $1.97M |
| Common Stock | $8.51K | $8.34K |
| Retained Earnings | $-116.15M | $-107.47M |
| Total Stockholders Equity | $10.07M | $17.86M |
| Total Liabilities & Equity | $12.23M | $19.83M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-2.94M | $-2.66M | $-8.68M | - |
| Depreciation & Amortization | - | - | $276.33K | - |
| Stock-based Compensation | - | - | $997.84K | - |
| Change in Receivables | - | - | $30.81K | - |
| Change in Inventory | - | - | $-31.32K | - |
| Change in Payables | - | - | $125.08K | - |
| Operating Cash Flow | - | - | $-6.97M | - |
| Capital Expenditure | - | - | $111.33K | - |
| Investing Cash Flow | - | - | $-376.74K | - |
| Stock Issued | - | - | - | - |
| Financing Cash Flow | - | - | $-98.72K | - |
| Net Change in Cash | - | - | $-7.45M | - |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.